Construction loan at 65% of AS COMPLETED VALUE
which can be 100% of the construction loan amount in many cases.
$1mm minimum - USA all 50 states
2 broker points origination
5+ lender points origination (makes up for the $ a sponsor would typically need to bring to the table)
Origination comes from loan proceeds.
12-24 month term Interest Only
12% interest rate
Michael Lewis GroupCommercial real estate loans http://michaellewisgroup.com/ Attention loan brokers! - We co-broker on an even 50/50 split paid at close by wire
info@michaellewisgroup.com
440-637-5646
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